The resolution, titled the Local Rent Supplement Program Contract No. 2025-LRSP-02A with Flats at South Capitol LLC Approval Resolution of 2025, authorizes a long-term subsidy contract for 20 years to support the District's Local Rent Supplement Program. This agreement will provide funding for housing costs associated with 22 affordable housing units at the Flats at South Capitol Apartments, located at 3838 South Capitol Street, SE. The contract, with an initial annual amount not to exceed $486,960, aims to enhance affordable housing options in the District.

Upon adoption, the resolution mandates the Council to transmit a copy to the District of Columbia Housing Authority and the Mayor. It also includes a fiscal impact statement from the Chief Financial Officer, confirming the financial implications of the contract. The resolution is effective immediately upon its passage by the Council.